US stocks declined, yesterday, amid a renewed slump in oil prices and a still uncertain outlook for global growth and U.S. corporate earnings. So the Dow Jones industrial average slumped 189 points, or 1.1 percent, to close at 16,432. The Standard & Poor's 500 index lost 24 points, or 1.3 percent, to 1,921. And the Nasdaq Composite index fell 67 points, or 1.5 percent, to 4,504.Of the three major benchmarks only the S&P 500 is out of correction. Hopes for a near-term oil production cut were dashed, yesterday, when Saudi Arabia's oil minister said a cut is not going to happen because many oil-producing nations likely would not do so even if they agreed to cutting production. Bloomberg also reported that Iran's oil minister shot down calls for a production freeze.